Saying Goodbye California Sun, Hello Midwest – New York Times

In a recent article in the New York Times, "Saying Goodbye California Sun, Hello Midwest", the current diaspora of of people from cities with expensive housing to cities with cheaper housing.

This is something we’ve seen with people moving out of NYC and Washington DC to Philly, or to more rural parts of Virginia, and it’s not going to stop any time soon.  Housing in the expensive dense urban areas is way too expensive, and when the market cools it’s more likely that prices will simply flatten where they are than plunge precipitously.  It will still be expensive, but it won’t be more and more expensive every year.